ASIA PACIFIC 5G INFRASTRUCTURE MARKET FORECAST 2020-2025

ASIA PACIFIC 5G INFRASTRUCTURE MARKET FORECAST 2020-2025

The Asia Pacific 5G infrastructure market is estimated to project the highest CAGR of 66.63% during the projected period of 2020-2025. The Asia Pacific is expected to be the largest region in the market, owing to essential initiatives taken by the government in significant economies towards deployment of the 5G spectrum. Further, Asia Pacific is the origin of many new entrants in multiple markets, which will also influence market growth. The rapid growth of the 5G infrastructure market in the Asia Pacific region is evaluated further by analyzing the countries such as India, China, Thailand, South Korea, Japan, Indonesia, Australia & New Zealand, Vietnam, and the rest of Asia Pacific.

The Asia Pacific 5G infrastructure market is estimated to project the highest CAGR of 66.63% during the projected period of 2020-2025. The Asia Pacific is expected to be the largest region in the market, owing to essential initiatives taken by the government in significant economies towards deployment of the 5G spectrum. Further, Asia Pacific is the origin of many new entrants in multiple markets, which will also influence market growth.

The rapid growth of the 5G infrastructure market in the Asia Pacific region is evaluated further by analyzing the countries such as India, China, Thailand, South Korea, Japan, Indonesia, Australia & New Zealand, Vietnam, and the rest of Asia Pacific. China is a force to reckon with in the market in the next five years, owing to its improved economy and government support. The government has taken initiatives to carry out fast deployment of the 5G network in the country. The increasing demand for mobile internet and IoT are the potential drivers for the implementation of 5G networks in China. Japan is working on the deployment of 5G infrastructure for the development of a connected ecosystem involving IoT. The government in Japan is providing necessary funding for the promotion of industrial IoT, big data, and artificial intelligence. 5G networks need to be installed to promote these technologies.

In India, the growth opportunities are primarily attributed to the increasing consumer preference to stay connected over the internet, and the growing demand for smart homes and smart cities. In countries like South Korea, the deployment of 5G networks in the country is hugely boosted by the government providing funds of $1.5 billion for commercializing 5G in the country.

NTT DOCOMO Inc, headquartered in Tokyo, Japan, provides mobile telecommunication services through its W-CDMA networks in Japan. NTT DOCOMO and MobileedgeX, Inc, jointly conducted a proof of concept in Tokyo on Jan 22-24, 2020, to verify a solution that leverages MEC for the worldwide distribution of applications.

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